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Ares Management Corporation ARES Operating Segments — Other Noncash Income Expense

Discontinued — last reported Q1 '18

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PEA
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Other financials

Income statement

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Revenue$1.4B+28.3%
Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%
Total debt$730.1M+6.4%
Total equity$4.0B-9.6%
Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$29.17B-19.6%
Enterprise value$29.33B-19.2%
P/E46.8×-36.0×
P/S4.9×-3.6×

Profitability

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Net margin10.5%+0.3pp
FCF margin-161.4%

Returns & leverage

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Return on equity14.7%+0.6pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:OtherNoncashIncomeExpense.

The official record: Ares Management Corporation’s 10-Q, filed May 7, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — other noncash income expense mean?
Non-cash accounting adjustments that affect reported earnings.
How do you interpret operating segments — other noncash income expense?
High non-cash expenses reduce reported earnings but do not impact cash flow, whereas non-cash income increases earnings without cash inflow.
How does operating segments — other noncash income expense compare across companies?
Standard accounting practice; peers report this within 'Other Income' or 'Operating Expenses'.